adani ports and special econ (ADSEZ) Snapshot

Adani Ports and Special Economic Zone Limited, Board Meeting, Jun 07, 2013. Agenda: To approve the allotment of 66,657,520 equity shares to successful applicants at an issue price of INR 150 per equity share, aggregating to INR 9,998.63 million, under the Institutional Placement Programme in terms of chapter VIII-A of the Securities and Exchange Board of India (issue of capital and disclosure requirements) Regulations, 2009, as amended.

Adani Ports and Special Economic Zone Limited recommended final dividend of INR 1 per equity share of INR 2 each for the financial year 2013.

Adani Ports and Special Economic Zone Limited reported audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported standalone net sales of INR 7,715.1 million compared to INR 6,156.7 million a year ago. Profit from operations before other income, finance costs and tax was INR 5,551.4 million compared to INR 3,762.9 million a year ago. Profit before finance costs and tax was INR 6,711.1 million compared to INR 3,863.6 million a year ago. Profit after tax for the period was INR 4,907.7 million or INR 2.45 per basic and diluted share, compared to INR 3,388.8 million or INR 1.69 per basic and diluted share, a year ago. For the year, the company reported standalone net sales of INR 31,111.4 million compared to INR 23,704.0 million a year ago. Profit from operations before other income, finance costs and tax was INR 21,278.5 million compared to INR 14,380.9 million a year ago. Profit before tax was INR 18,891.9 million compared to INR 12,695.9 million a year ago. Profit after tax for the period was INR 17,541.8 million or INR 8.76 per basic and diluted share, compared to INR 11,772.6 million or INR 5.88 per basic and diluted share, a year ago. For the quarter, the company reported consolidated net sales of INR 9,650.9 million compared to INR 6,803.2 million a year ago. Profit from operations before other income, finance costs and tax was INR 5,274.9 million compared to INR 3,734.7 million a year ago. Profit from ordinary activities before tax was INR 4,196.6 million compared to INR 3,157.3 million a year ago. Net profit for the period was INR 7,103.1 million or INR 3.55 per basic and diluted share, compared to INR 2,394.6 million or INR 1.20 per basic and diluted share, a year ago. For the year, the company reported consolidated net sales of INR 34,864.2 million compared to INR 26,358.4 million a year ago. Profit from operations before other income, finance costs and tax was INR 19,540.1 million compared to INR 14,306.8 million a year ago. Profit from ordinary activities before tax was INR 16,766.1 million compared to INR 12,007.2 million a year ago. Net profit for the period was INR 16,232.2 million or INR 8.10 per basic and diluted share, compared to INR 11,020.7 million or INR 5.50 per basic and diluted share, a year ago.